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Author Topic: is/was Bitcoinica a shady business...?  (Read 2022 times)
Crypt_Current
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May 15, 2012, 12:49:45 AM
 #21

I guess the professor thought that the letters themselves in the Sqrt command was the algo.

Yikes... what school do you attend??

There are different ways of solving sqrt. Which method is your algo using?

by use of Taylor series  Grin ...
...
not

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Fuzzy
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May 15, 2012, 03:44:45 AM
 #22

Can someone explain why this would not be possibe?:

Guy starts company
Guy sells company
Guy "hacks" said company and takes all the BTC
Guy announces he is leaving the scene soon after, claims his departure is not related to the hack.

I don't know Zhoutong or every fine detail of the full sorry, but from what I could skim over, this was a con worthy of an Oceans sequel.
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May 15, 2012, 04:01:34 AM
 #23

Well that is possible.

But what I think is that people really good at one thing think they are really good at other things. There is a reason there are 'pinch hitters' in baseball.

Plus Zhou didn't have the best PR consul here because it does look bad.

However, reading between the lines, I see it as him being shown the door with some respect for his accomplishments.

OR put another way: YOU'RE FIRED, but we'll let you resign.

Just a guess.

Corporations have been enthroned, An era of corruption in high places will follow and the money power will endeavor to prolong its reign by working on the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. ~Abe Lincoln 1ApJdWUdSWYw8n8HEATYhHXA9EYoRTy7c4
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May 15, 2012, 04:05:54 AM
 #24

Well that is possible.

It's the first thing people cry when a site has it's bitcoins hacked and leaves the customers hanging.

I don't see why no one has brought it up in this case. I must be missing some obvious fact here.
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